About National Spot Exchange Limited
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National Spot Exchange Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the financial exchanges segment of the financial services sector. It was incorporated on 18 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51100MH2005PLC153384. Its GSTIN is 27AACCN1196R1ZT (Maharashtra). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹460 Cr and a paid-up capital of ₹396.98 Cr. It is led by directors including Neeraj Sharma (Managing Director) and Vijay Ramakrishnan.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.42 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹31.55 Cr (net margin -334.9%) and EBITDA of -₹31.52 Cr (EBITDA margin -334.6%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years and 22% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: National Spot Exchange. As per MCA filings, the company has satisfied charges of ₹540 Cr on record. Court records list 1,315 cases involving the company, including 522 filed by the company and 794 filed against it; 327 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nationalspotexchange.com.
CIN History
National Spot Exchange has one previous CIN (Corporate Identification Number): U51100MH2005PTC153384. The current CIN is U51100MH2005PLC153384, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100MH2005PLC153384 | Current |
| U51100MH2005PTC153384 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressMalkani Chambers Condominium 1st Floor Off. Nehru Road Near Hotel Orchid Ville, Parle (E), Mumbai, Maharashtra, India – 400099
- IndustryFinancial Services, Financial Exchanges
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Associated Brands
National Spot Exchange operates one associated brand: National Spot Exchange. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a commodity exchange for trading services. | nationalspotexchange.com |
Financials of National Spot Exchange Limited
FY 2025 filings availableNational Spot Exchange Limited reported revenue of ₹9.42 Cr (up 775% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 775% growth in the latest year. EBITDA rose 25% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹31.52 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹31.55 Cr | |
| Balance Sheet | ||
| Share Capital | •••• | |
| Reserves and Surplus | •••• | |
| Net Worth (Total Equity) | •••• | |
| Long-term Borrowings | •••• | |
| Short-term Borrowings | •••• | |
| Trade Payables | •••• | |
| Total Liabilities | •••• | |
| Fixed Assets | •••• | |
| Investments | •••• | |
| Inventories | •••• | |
| Trade Receivables | •••• | |
| Cash and Bank Balance | •••• | |
| Total Assets | •••• | |
Financial Ratios
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -334.6% | |
| Net Profit Margin | -334.9% | |
| Return on Equity (ROE) | •••• | |
| Return on Capital Employed (ROCE) | •••• | |
| Return on Assets (ROA) | •••• | |
| Liquidity and Debt | ||
| Current Ratio | •••• | |
| Quick Ratio | •••• | |
| Debt-to-Equity Ratio | •••• | |
| Interest Coverage Ratio | •••• | |
| Efficiency and Growth | ||
| Asset Turnover | •••• | |
| Receivable Days | •••• | |
| Payable Days | •••• | |
| Inventory Days | •••• | |
| Revenue Growth | •••• | |
| Net Profit Growth | •••• | |
Paid data: the figures shown as dots, and every line for FY 2020-21 to FY 2023-24, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of National Spot Exchange are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Board of Directors of National Spot Exchange Limited
National Spot Exchange has 6 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijay Ramakrishnan | Director | 25 Jan 2022 | 4 Years 8 Months | Current |
| Ashok Kumar Nag Also directs: Fynx Capital Limited | Director | 01 Mar 2014 | 12 Years 7 Months | Current |
| Neeraj Sharma | Managing Director | 01 Aug 2020 | 6 Years 2 Months | Current |
| Ujjwala Hemant Deshpande | Director | 27 Jul 2021 | 5 Years 2 Months | Current |
| Subramanya Kusnur | Director | 12 Dec 2013 | 12 Years 10 Months | Current |
| Bipin Mohanlal Dhanesha | Director | 20 Jul 2021 | 5 Years 3 Months | Current |
Peer Comparison
National Spot Exchange Limited is compared with the companies closest to it by revenue in the BFSI industry (Stock and Commodity Exchanges). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Synergy Dealcom Private Limited | ₹28.01 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bhubaneswar, Odisha, India |
| Vse Stock Services Limited | ₹26.51 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Vadodara, Gujarat, India |
| Adinath Mercantile Private Limited | ₹22.72 Cr (FY 2025) | •••• | •••• | 19575.0% | •••• | Indore, Madhya Pradesh, India |
| Power Bulls Stock Broker Private Limited | ₹16.99 Cr (FY 2025) | •••• | •••• | 257.0% | •••• | Ludhiana, Punjab, India |
| Tradewell Holdings Limited Listed | ₹9.45 Cr (FY 2025) | •••• | •••• | -71.0% | •••• | New Delhi, Delhi, India |
| National Spot Exchange Limited this company | ₹9.42 Cr (FY 2025) | •••• | •••• | 775.0% | •••• | Mumbai, Maharashtra, India |
| Parivar Forex Private Limited | ₹7.44 Cr (FY 2025) | •••• | •••• | -54.0% | •••• | Mumbai, Maharashtra, India |
| India International Exchange (Ifsc) Limited | ₹7.18 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Gandhinagar, Gujarat, India |
| Fusion Techstack Limited | ₹6.16 Cr (FY 2025) | •••• | •••• | -36.0% | •••• | Surat, Gujarat, India |
| Otc Exchange of India | ₹5.04 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| Swaap Networks Private Limited | ₹5 Cr (FY 2018) | •••• | •••• | 1004.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to National Spot Exchange by revenue, above and below it, in the BFSI industry (Stock and Commodity Exchanges), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
National Spot Exchange Limited is audited by GOHEL & ASSOCIATES LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GOHEL & ASSOCIATES LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Apr 2013 | Icici Bank Limited | ₹5 Cr | Satisfied |
| 15 Mar 2013 | Icici Bank Limited | ₹50 Cr | Satisfied |
| 01 Mar 2013 | Hdfc Bank Limited | ₹15 Cr | Satisfied |
| 13 Dec 2012 | Hdfc Bank Limited | ₹225 Cr | Satisfied |
| 25 Jul 2012 | Indusind Bank Ltd. | ₹10 Cr | Satisfied |
Total charge records: 8 View all charges
Legal Cases
National Spot Exchange Limited has 1,315 court cases on record: 522 filed by National Spot Exchange, 794 filed against it. 327 cases are pending and 988 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 658 | 427 | 203 |
| District courts | 540 | 274 | 86 |
| Supreme Court | 73 | 53 | 24 |
| NCLAT | 42 | 39 | 14 |
| NCLT | 2 | 1 | 0 |
Cases on record (5 of 1,315)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by Juggernaut Projects Limited | Pending |
| Supreme Court | Court case | Filed against the company by Aastha Minmet India Ltd. | Pending |
| Bombay High Court | Court case (REVN) | Filed against the company by Vimladevi Agrotech Ltd Through Directors and 3 others | Pending |
| Supreme Court | Court case | Filed against the company by Nirtex Exports and Investment Pvt. Ltd. | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Vimladevi Agrotech Ltd Through Directors and 3 others | Pending |
: available in the company report
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance
National Spot Exchange Limited has a workforce of 22 employees as of Apr 07, 2024.
: available in the company report
Recent Activity
National Spot Exchange Limited has 46 board changes on record since 2005: 26 appointments and 20 cessations. The latest: Girish Ganpat Gangir ceased to be CFO on 24 Oct 2025.
54 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
National Spot Exchange has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN1196R1ZT | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
National Spot Exchange is an active public limited company based in Mumbai, Maharashtra, India. The company works in financial exchanges, within the financial services industry. It was incorporated on 18 May 2005 (21+ years old) and is registered under CIN U51100MH2005PLC153384.
National Spot Exchange has 6 current directors:
- Neeraj Sharma - Managing Director
- Vijay Ramakrishnan - Director
- Ashok Kumar Nag - Director
- Ujjwala Hemant Deshpande - Director
- Subramanya Kusnur - Director
- Bipin Mohanlal Dhanesha - Director
The latest financial statements of National Spot Exchange on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of National Spot Exchange is 27AACCN1196R1ZT, registered in Maharashtra. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of National Spot Exchange is U51100MH2005PLC153384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
National Spot Exchange has 1,315 court cases on record: 522 filed by the company and 794 filed against it. 327 are pending. Most are in the high courts.
National Spot Exchange was incorporated on 18 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of National Spot Exchange by revenue are Synergy Dealcom Private Limited, Vse Stock Services Limited, Adinath Mercantile Private Limited, Power Bulls Stock Broker Private Limited, Tradewell Holdings Limited and 5 more, all in the BFSI industry (Stock and Commodity Exchanges).
Girish Ganpat Gangir ceased to be CFO on 24 Oct 2025. Vijay Ramakrishnan was appointed as Director on 25 Jan 2022. Ujjwala Hemant Deshpande was appointed as Director on 27 Jul 2021. National Spot Exchange has 46 board changes on record in total.
National Spot Exchange can be reached through the website nationalspotexchange.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of National Spot Exchange is at Malkani Chambers Condominium 1st Floor Off. Nehru Road Near Hotel Orchid Ville, Parle E, Mumbai, Maharashtra, India – 400099.